Loss deepens at GWEST
- GWEST reported a net loss of $135Mn (EPS:-0.28) for the year ended March 31, 2019, representing a 54% decline relative to the loss of $88.11Mn (EPS: -$0.55) reported in 2018.
- The increase in loss over the period was primarily driven by 157% and 156% increase in Admin and other operating expenses, respectively.
- GWEST has traded downwards (-14.79%) since the start of the calendar year, closing at $1.21 at the end of yesterday’s trading session.
(Source: GWEST Financials)